Morocco: New gas wells discovered in Gharb region
British SDX Energy Company announced on Monday the discovery of two gas wells in the Gharb region in Morocco, opening up new perspectives for the North African Kingdom to become a producing country.
Further well drilling operations are planned in Morocco for 2023 to drive production and revenue growth, said the London-based oil & gas exploration & production company in a press release.
Mark Reid, CEO of SDX, said: “We are pleased with the results of both the SAK-1 and KSR-20 wells. In addition to opening a new play fairway with numerous follow-on drillable targets, the wells will contribute immediately to production and revenue growth in an area where demand and gas pricing is robust”.
“Morocco remains a key area of potential growth for SDX and we look forward to planning further drilling in 2023. I would also like to add my thanks to our partner ONHYM for the provision of the excellent drilling team and the ONHYM 525 rig which was used to great effect during the campaign”, underlined the Company CEO.
SDX has a 75% operated working interest across the Moroccan portfolio, which includes the Sebou Central, Gharb Occidental, Moulay Bouchta Ouest, and Lalla Mimouna Sud exploration permits, plus a number of exploitation concessions containing the producing wells.
SDX Energy is also actively involved in exploration and development activities in Egypt’s Eastern Desert and the Nile Delta.